MasterBeef Group (NASDAQ:MB) Sees Significant Increase in Short Interest

MasterBeef Group (NASDAQ:MB) was the recipient of a large increase in short interest during the month of April. As of April 30th, there was short interest totaling 8,664 shares, an increase of 162.9% from the April 15th total of 3,295 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average trading volume of 18,886 shares, the short-interest ratio is currently 0.5 days.

Hedge Funds Weigh In On MasterBeef Group

A hedge fund recently raised its stake in MasterBeef Group stock. Citadel Advisors LLC lifted its position in MasterBeef Group (NASDAQ:MB) by 27.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 14,612 shares of the technology company’s stock after purchasing an additional 3,104 shares during the quarter. Citadel Advisors LLC owned 0.09% of MasterBeef Group worth $125,000 at the end of the most recent reporting period.

MasterBeef Group Price Performance

NASDAQ:MB opened at $6.84 on Friday. MasterBeef Group has a 12-month low of $3.50 and a 12-month high of $16.40. The firm has a 50-day moving average price of $6.22 and a 200 day moving average price of $6.51.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded MasterBeef Group from a “sell (d-)” rating to a “sell (d)” rating in a research note on Friday, May 1st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, MasterBeef Group presently has an average rating of “Sell”.

About MasterBeef Group

MINDBODY, Inc operates a cloud-based business management software and payments platform for the small and medium-sized businesses in the wellness services industry. Its platform enables businesses to run, market, and build scheduling and online booking, performance tracking, staff management, client relationship management, integrated payment processing, retail point-of-sale, purchase tracking, inventory, hardware integration, analytics and reporting, branded Web, mobility, social integration, client acquisition dashboard, security and compliance, and integration with other cloud-based partners for yoga, Pilates, indoor cycling, group and personal training, boutique fitness, salons, spas, and integrative health businesses.